Login to Trading Platforms
Introduction
Brokerage
Financial Planning
Wealth Management Connect
Fund Administration
Private Equity Investment
Asset Management
Research
Global Commodities
Market Info & Quotes
Customer Services
繁體|简体
China Merchants Securities International Company Limited
About Us Career Site Map
Contact Us Disclaimers
Security Tips & Advice
Fund Products
CMS Hong Kong Multi Income Fund
CMS Hong Kong Multi Income Fund
CMS China Opportunities Flexifund
CMS Money Market Fund
CMS USD Money Market Fund
Private Fund
Important Information
Open
+
Hide
-

CMS Hong Kong Multi Income Fund (the "Fund") may not be suitable for all investors. Investment involves risks. Investors are advised to consider their own investment objectives and circumstances in determining the suitability of an investment in the Fund.

  • Investment involves risks. There is no guarantee of the repayment of principal invested in the Fund.
  • Investments of the Sub-Fund are concentrated in Hong Kong and China. The Sub-Fund is likely to be more volatile than a broad-based fund, such as a global equity fund, as they are more susceptible to fluctuations in value resulting from adverse conditions in Hong Kong and China.
  • The Fund's investments in the China market is subject to emerging market risk including political, economic, legal, regulatory and liquidity risks. The Fund may also be subject to the risks associated with changes in the PRC laws and regulations, and such changes may have retrospective effect and may adversely affect the Sub-Fund.
  • The Fund is exposed to the credit/insolvency risk of issuers of the debt securities it invests in. If the issuer of securities defaults or performs badly, investors may suffer substantial losses.
  • The Fund does not guarantee dividend distribution, therefore, investors may not receive any dividend payment.
  • The investment decision is yours but you should not invest unless the intermediary which sells you the Fund has advised you that the Fund is suitable for you after considering your financial situation, investment experience and objectives, and has explained why, including how investment in the Fund will be consistent with your investment objectives.
  • The content of this website is for referential purpose only. Investors should not only base on this website alone to make investment decisions. Investors should read the Explanatory Memorandum and Product Key Facts Statement of the Fund for further details, including risk factors.
Fund Overview
Announcement

Fund Price (as of 2025-4-29)
NAV per Unit - Class AHKD 78.32
NAV per Unit - Class BHKD 86.878
Fund Information
Manager CMS Asset Management (HK) Co., Limited
Fund Inception Date
Class A / Class B 12 Jun 2014
Base Currency HKD
Fund Structure Open-ended Fund
Dividend Policy Dividend in respect of each financial year, if declared, will be distributed
ISIN Code
Class A HK0000203551
Class B HK0000203569
Bloomberg Code
Class A CMSMIFA HK
Class B CMSMIFB HK
Investment and Fees ^
Fund Classes Class A Class B
Min. Investment(Initial) HKD 10,000 HKD 500,000
Min. Investment(Subsequent) HKD 5,000 HKD 50,000
Min. Holdings HKD 10,000 HKD 500,000
Min Redemption HKD 10,000 HKD 50,000
Initial Subscription Fee Up to 5% of the amount invested
Management Fee 1.5% (temporarily reduced to 1.0% p.a. from 1 February 2016 until further notice)* of the class value
Switching Fee N/A
Redemption Fee N/A
Performance Fee 15% of profit (High-on-high principle) N/A
Fund Manager
Mr. ZHOU Geng, has more than 18 years of experience in the investment management and asset management industry, joined CMS Asset Management (HK) Co., Limited in 2021 and is currently the Head of Asset Management Department, Managing Director of the company as well as the portfolio manager of the CMS Hong Kong Multi Income Fund、CMS Money Market Fund and CMS China Opportunities Flexifund. Before joining CMS Asset Management (HK) Co., Limited, Mr. Zhou was Head of Asset Management of Dongxing Securities (HK) Co., Ltd. Prior to that, he was the Fixed Income Investment Director at China Securities (International) Asset Management Co., Ltd. Prior to that, Mr. Zhou has also worked as investment manager and analyst of various financial institutions in both Shanghai and London, including Credit Suisse, Barclays and Haitong.

Ms. HO PUI SZE has been the fund manager of CMS Hong Kong Multi Income Fund in CMS Asset Management(HK) since 2023 and has more than 17 years of experience in investing in Asian and Chinese stocks. Prior to this, Ms. Ho served as a senior fund manager at Value Partners Hong Kong from 2012 to 2022. Over the years, she participated in the management of a number of equity funds (including Value Partners China Greenchip Fund and Taiwan Fund) and discretionary accounts. She is good at value investing and bottom-up investment research. The stock selection and risk-avoidance strategies above help the portfolio consistently achieve better than benchmark performance. Ms. Ho has extensive research experience in multiple industries in Asia and China, focusing on fundamental analysis, and has an in-depth understanding of stock selection and different industry cycles. Ms. Ho holds a Master of Business Administration degree from the Hong Kong Polytechnic University and a Bachelor's degree in Economics and Finance from The University of Hong Kong.
Documents
Product Key Facts
Monthly Fund Factsheet
Distribution Records
Semi-Annual Report 2024
Annual Report 2024
Explanatory Memorandum
^Please refer to the Explanatory Memorandum of the Fund for further details.
2025-04-30 Notice to Unitholders – 2024 Annual Report
2025-04-01 Ninth Addendum
2025-01-24 Eighth Addendum
2025-01-24 Notice to Unitholders – Waiver of Expenses
2024-12-20 Notice to Unitholders-Distribution of Dividends
2024-09-02 Notice to Unitholders – Waiver of Fees and Expenses
2024-09-02 Seventh Addendum
2024-08-28 Notice to Unitholders-Semi-Annual Report 2024 (Unaudited)
2024-08-08 Sixth Addendum
2024-08-08 Notice to Unitholders-Establishment of a new sub-fund
2024-06-21 Notice to Unitholders-Clarification of Auditor
2024-06-21 Fifth Addendum
2024-04-29 Notice to Unitholders-2023 Annual Report
2023-12-21 Notice to Unitholders-Distribution of Dividends
2023-08-28 Notice to Unitholders-Semi-Annual Report 2023 (Unaudited)
2023-04-28 Notice to Unitholders-2022 Annual Report
2022-11-14 Fourth Addendum
2022-11-14 Notice to Unitholders
2022-08-29 Notice to Unitholders-Semi-Annual Report 2022 (Unaudited)
2022-04-29 Notice to Unitholders -- change of director of the Manager
2022-04-29 3rd Addendum
2022-04-29 Notice to Unitholders——2021 Annual Report
2021-08-27 Notice to Unitholders-Semi-Annual Report 2021 (Unaudited)
2021-08-06 2nd Addendum
2021-06-11 1st Addendum_ 20210611
2021-06-11 Notice to Investors_202106_Change of Director_Change of Website
2021-02-24 Notice to Unithholders 
2021-01-25 Notice to Unithholders 
2020-09-09 10th Addendum_ 20200909 
2020-09-09 Notice to Investors_202009_Change of Director 
2020-08-28 Notice to Unitholders-Semi-Annual Report 2020 (Unaudited) 
2020-08-27 Notice to Investors_202008_Change of Director 
2020-08-27 9th Addendum_27 August 2020 
2020-04-29 Notice to Unithholders——2019 Annual Report 
2020-04-28 Notice to Unithholders 
2019-12-30 Notice to Unithholders 
2019-08-22 Notice to Unitholders-Semi-Annual Report 2019 (Unaudited) 
2019-04-29 Notice to Unithholders-Annual Report 
2018-11-16 Notice to Unithholders-Explanatory Memorandum 
2018-04-30 Notice to Unitholders-Annual Report 2017 
2017-11-29 Notice to Unitholders-change of director of the Manager 
2017-11-29 the Eighth Addendum 
2017-09-29 Seventh Addendum 
2017-09-29 Notice to Unitholders -- change of director of the Manager 
2017-08-15 Re-issued sixth Addendum 
2017-08-15 Notice to Unitholders -- change of director of the Manager 
2017-08-04 Notice to Unitholders-Semi-Annual Report 2017 (Unaudited) 
2017-04-28 Notice to Unitholders-Annual Report 2016 
2016-10-07 Notice To Unitholders-Temporary Reduction of Management Fee of the CMS China Opportunities Flexifund and CMS Hong Kong Multi Income Fund 
2016-10-07 Forth Addendum 
2016-08-16 Notice to Unitholders-Semi-Annual Report 2016 (Unaudited) 
2016-06-30 Adjustment of ongoing charges figure of the Sub-Fund from 30 June 2016 (30 June 2016 inclusive) 
2016-05-27 Third Addendum 
2016-04-29 Notice to Unitholders-Annual Report 2015 
2016-02-01 Adjustment of Management Fee of the Sub-Fund from 1 February 2016 (1 February 2016 inclusive) 
2015-10-29 Second Addendum 
2015-10-29 Notice to Unitholders--United States (“US”) Foreign Account Tax Compliance Act (“FATCA”) and change of director of the Manager 
2015-08-28 Notice to Unitholders-Semi-Annual Report 2015 
2015-07-20 Adjustment of Performance Fee and Management Fee of the Sub-Fund from 20 July 2015 to 31 December 2015 (both days inclusive) 
2015-05-04 Notice to Unitholders-Publication of prices and enhancement of PRC tax disclosure 
2015-05-04 First Addendum 
2015-04-29 Notice to Unitholders-Annual Report 2014 
Disclaimer:

This website is owned and managed by CMS Asset Management (HK) Co., Limited ("CMSAM(HK)"). CMSAM(HK) reserves the right to change, modify, add, or delete, any content and the terms & conditions of use of this website without notice. Users are advised to periodically review the contents of this website to be familiar with any modifications.

This website has been prepared by CMSAM(HK) for informational purposes only. The information provided on this website should not be construed as an offering or solicitation to sell in any jurisdiction to any person to whom it is unlawful to make such an invitation or solicitation in such jurisdiction. Information on this website is not intended for use by persons located or resident in jurisdictions which restrict the distribution of this information. Persons interested to invest in this funds should refer to the prospectus for detailed features. Interested persons or parties are recommended to seek independent financial advice for investment. Persons accessing this web-site are required to inform themselves about and observe any relevant restrictions.

The performance figures contained herein this website are for informational purposes only. Past performance is not indicative of future performance. Investment involves risks and NAV per unit can fall as well as rise.